IRELAND

BNRG has a long history of being an early mover into new markets and focuses on securing suitable sites with a combination of good solar resource and available grid capacity. The Company is very focused on design optimization and quality assurance to ensure the highest yield from its sites. The ability to secure good sites early in a market in combination with optimum design will ensure a competitive advantage in the Irish auction process. In 2016 BNRG entered into a 50/50 Joint Venture partnership with French Independent Power Producer Neoen to co-develop a pipeline of 300 MW solar projects and 90 MW of storage projects. The first 60 MW have already received planning permission and are ready to participate in the first auction, which will take place in 2019.

BNRG is the founder member and current chair of the Irish Solar Energy Association, which  has been working with the Irish Government to design an appropriate support mechanism for solar.

The Irish Government recently announced a series of annual auctions for Contracts for Difference ' CfD' contracts for renewable energy under the Renewable Electricity Support Scheme ' RESS' starting in 2019.

The five-year roadmap announced provides a clear signal to market and gives BNRG confidence to invest further and grow our market share in Ireland materially. 

UNITED STATES OF AMERICA

BNRG entered the US market in 2016, has recently energized 9MW  and is currently constructing a 24 MW  of ‘Qualifying Facility’ projects in Oregon with construction of the final project expected to be completed in 2Q19. These projects are being financed under a 15-year Sale and Leaseback facility under which BNRG retains an interest in the assets for the Sale and Leaseback period with the right to buy back the projects at the expiration of the lease. While BNRG is currently providing the development and construction equity for the Oregon portfolio, there is an opportunity for a full or partial equity sale in order to release capital for new opportunities.

In Maine, BNRG is developing a portfolio of 235 MW of projects, of which 110 MW qualifies for an index-linked 20 years Power Purchase Agreement, has been negotiated with the local utilities covering the entire portfolio, while the projects will also benefit from additional revenue in the form of New England Renewable Energy Certificates (‘RECs’) and capacity payments. The first phase of the portfolio is expected to start construction in 2019.

BNRG is currently exploring further opportunities in the US, including transmission-scale projects in Maine and other states ( PJM) and additional portfolio of 40 MW of ‘Qualifying Facility’ projects in Oregon.

UNITED KINGDOM

BNRG developed and constructed a portfolio of 85 MW of projects in England and Wales under the UK Feed in Tariff and Renewable Obligation Certificate (ROC) schemes between 2011 and 2016. During this time BNRG built up a strong network of relationships with landowners, planning authorities and District Network Operators and secured planning permission for a further 40 MW of projects. BNRG expects to re-commence project development in the UK in 2019 as ‘subsidy-free solar’ starts to become viable with a target of 100 - 150 MW of new projects developed by 2022.

Bilsham Farm

  • Capacity: 15 MW
  • Value(USD): $28.1m
  • Connection: Sept 2014
  • Main Contractor: Engie Fabricom & BNRG
  • Main Components: Renesola, ABB, SADEF,
  • Funding: BNRG Langmead, Next Energy Capital, Macquarie
  • Bilsham Farm

    • Capacity: 15 MW
    • Value(USD): $28.1m
    • Connection: Sept 2014
    • Main Contractor: Engie Fabricom & BNRG
    • Main Components: Renesola, ABB, SADEF,
    • Funding: BNRG Langmead, Next Energy Capital, Macquarie

AUSTRALIA

BNRG has identified Australia as a strategic market due to the fact that PV can compete in power markets on an unsubsidized basis due to a combination of high solar irradiance, tariff free imports of modules and high wholesale electricity prices. The regulatory environment is similar to markets where BNRG have historically operated successfully. Commercial terms on a partnership agreement with early stage development partner in Victoria for a 130 MW project are agreed.

Further discussions are advanced on projects in the 30-80 MW range that can be connected to the distribution network. However, there are a number of larger 150 - 500 MW transmission connected project opportunities that could be progressed with a strategic funding partner.

The Company recently hired a business development manager for Australia and is expecting to open an office in late 2018.

Working with

BNRG Renewables Copyright © 2018 All Rights Reserved